Richard E. Dover, a Knoxville real estate developer with a long history of salvaging vacant historic structures, will soon begin negotiations with city leaders regarding a downtown redevelopment project to save the former Tennessee Supreme Court building.
Dover recently learned his bid was accepted. He has stated that Dover Development will work closely with Franklin-based Bristol Development Group on the residential side of the proposal. According to Richard E. Dover, the Knoxville property on Locust Street is a 1.7 acre site with the potential to be a thriving hub of activity in the downtown area.
The city has yet to release Dover Development’s original proposal. However, what is known is that Richard E. Dover and his Knoxville company will partner with Bristol Development as well as Design Innovations Architects, Inc. Bristol has completed large multifamily developments across the Southeast and has previously worked in Knoxville as the developer behind the large Heritage Lake at Westland Apartments in the Concorde Park area.
Dover Development is currently working on at least four other projects in Knox and surrounding counties, says Richard E. Dover. The old Knoxville High School and South High School are in progress to be repurposed as senior living facilities. Dover’s group is also redeveloping the Farragut Hotel and the historic Pryor Brown Garage.
Richard E. Dover says that Knoxville needs high-end mixed-use developments and believes that his partnership with Bristol will provide the city with the very best in both residential and commercial spaces. Knoxville city leaders are hopeful that the details of the plan can be finalized in early 2017. Chief Policy Officer Bill Lyons has stated his desire to move ahead quickly. Dover and Lyons agree that the neighborhoods surrounding the former Supreme Court building will benefit greatly from the revitalization efforts.
City officials have mandated that the building’s Tennessee pink marble, a classic art-deco material, be salvaged during the renovations.